Manufacturing Sector and Nigeria’s Growth: Problems and Prospect:- Ethelbert, Favour C

ABSTRACT

 Generally, the manufacturing sector which plays an important role in a modern economy has many dynamic benefits crucial for economic transformation is a leading sector in many aspects. With this in mind, this study examines evaluate manufacturing sector and Nigeria’s growth; its problems and prospects. We used time series data from 1981 to 2018. The study adopted the Ordinary Least Square econometric analytical approach in the estimation and found that manufacturing sector has been weak in influencing economic growth in Nigeria for the period under study; and also interest rate has not been significant in directing economic growth. However, the study recommends that The Central Bank of Nigeria (CBN) should reassess the policy of commercial banks regarding financial intermediations to the manufacturing sector to ensure that there is no policy leakage.